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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

466 Se 31st Way Melrose, FL 32666

3 Beds 2 Baths 2,682 sqft Built 1987
Last updated:  Jan 23, 2020

INVESTimate

$305,676

$283K - $328K

Price Est.

$1,770

$1.6K - $2.0K

Rent Est.

$325,331  ( +6.43%)   1 YR EST. FORECAST
  
  
  

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466 Se 31st Way PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $113.97
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,682 sqft
  • Baths : 2 Full

466 Se 31st Way SCHOOLS

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Financial Details

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Neighborhood

MELROSE

  • 6,561

    POPULATION
  • 2,735

    HOUSEHOLDS
  • 59.5%

    WHITE COLLAR

Neighborhood : MELROSE

HOUSEHOLDS
2,735
POPULATION

6,561

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

59.5%White Collar
40.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,770 per month.

MY RENT : $1,770 MEDIAN RENT : $1,234

Rent % Distribution LEVEL
$500-699 0.3%
$700-899 7.0%
$900-999 10.9%
$1,000-1,499 59.8%
>=$1,500 22.1%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,770 would therefore be considered affordable for annual household incomes greater than $70,800 (12 months x 3.333 x $1,770).

Rent % Affordability
Above $500 79.7%
Above $700 70.2%
Above $1,100 51.8%
Above $1,500 37.3%
Above $1,900 26.0%
HOUSEHOLD INCOME RANGE

Approximately 629 of households in this neighborhood have a total annual income of $70,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,770 per month.

MINIMUM INCOME RANGE : $70,800

Income % Distribution
<$20K 20.3%
$20K-$35K 18.4%
$35K-$60K 24.0%
$60K-$100K 20.2%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 5.8%
10-14 mins 11.1%
15-19 mins 10.5%
20-29 mins 13.0%
30-44 mins 28.7%
45-59 mins 16.1%
>60 mins 13.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,770 per month.

MY RENT : $1,770 MEDIAN RENT : $1,234

Rent % Distribution
$500-699 0.3%
$700-899 7.0%
$900-999 10.9%
$1,000-1,499 59.8%
>=$1,500 22.1%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,770 would therefore be considered affordable for annual household incomes greater than $70,800 (12 months x 3.333 x $1,770).

Rent % Affordability
Above $500 79.7%
Above $700 70.2%
Above $1,100 51.8%
Above $1,500 37.3%
Above $1,900 26.0%
HOUSEHOLD INCOME RANGE

Approximately 629 of households in this neighborhood have a total annual income of $70,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,770 per month.

MINIMUM INCOME RANGE : $70,800

Income % Distribution
<$20K 20.3%
$20K-$35K 18.4%
$35K-$60K 24.0%
$60K-$100K 20.2%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 5.8%
10-14 mins 11.1%
15-19 mins 10.5%
20-29 mins 13.0%
30-44 mins 28.7%
45-59 mins 16.1%
>60 mins 13.2%

MELROSE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Construction 7.2%
Educational Services 7.4%
Health Care & Social Assistance 18.2%
Public Administration 7.5%
Retail & Wholesale Trader 15.8%
Other 36.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 24% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 10.2%
15-19 5.7%
20-24 7.8%
25-44 16.6%
45-65 35.1%
66+ 24.6%
OCCUPATION

Occupation % Distribution
Clean 8.1%
Healthcare 11.0%
Management, Business, & Financial 17.7%
Natural Resources Maintenance 8.1%
Production & Transportation 8.3%
Sales & Office 21.1%
Other 25.7%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.6%
High School 33.1%
Masters Degree 4.9%
Some College 23.5%
Some High School 12.7%
Other 14.1%

466 Se 31st Way Comps

Sorry, we do not have sufficient data available.

466 Se 31st Way, Melrose, FL 32666 is a single family home of 2,682 sqft. HomeUnion INVESTimateĀ® for 466 Se 31st Way includes a Price Estimate of $305,676 and a Rent Estimate of $1,770. This single family home has 3 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 6.95% and Total Return of 21.84%. The estimated 1 year forecast in home value for 466 Se 31st Way is 6.43%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , BRADFORD County , or the 32666 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32656